Will We Realize Blockchain’s Promise of Decentralization?

Harvard Business

Decentralized governance comes at a cost. Currency Technology Digital Article

When to Decentralize Decision Making, and When Not To

Harvard Business

Hence, when (re-)designing the organization structure, they tend to decentralize decision-making, so that decision rights are as close as possible to the people who deal with customers, competitors, front-line employees, and other stakeholders. As Henry Mintzberg noted in The Structuring of Organizations in 1979, “The words centralization and decentralization have been bandied about for as long as anyone has cared to write about organizations.” Artrise/istock.

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New Technologies Won’t Reduce Scarcity, but Here’s Something That Might

Harvard Business

But Lieberman and Fry have some good news: modern technology can address the root of the problem. They believe that we compete when there is scarcity, and that recent technological advances, such as 3D printing and artificial intelligence, will end widespread scarcity. We believe that the post-scarcity vision of the future is problematic because it reflects an understanding of technology and the economy that could worsen the problems it seeks to address.

New Leadership Literacies

Lead Change Blog

The tired practices of centralized organizations will become brittle in a future where authority is radically decentralized. Noted futurist Bob Johansen, author of The New Leadership Literacies , envisions that, through technology and digital interconnectivity, future organizations will become distributed, not just decentralized, and be required to “shape shift” in the midst of disruptive market conditions.

CEO Marketing Priorities

N2Growth Blog

The pandemic has given CEOs more time in their day, and with the proper use of technology, they can now cover more ground than ever before. Force Multiplication : Now that your workforce has likely become largely decentralized, your messaging should follow suit. COVID-19 has made CEO marketing priorities synonymous with survival.

CEO 184

All You Have to Do Is Ask

Leading Blog

Givitas is a collaborative technology platform that provides a sf platform for requesting, giving, and receiving help across boundaries across a vast scale. Platforms like Givitas allow people to get what they need without having to repeatedly tap all the same experts or all the usual go-to people because requests are decentralized and broadcast across the vast network. I F WE ARE HONEST with ourselves, we know there are times we need help. We just don’t want to ask for it.

The Blockchain Will Do to Banks and Law Firms What the Internet Did to Media

Harvard Business

Like the internet, cryptocurrencies such as Bitcoin are driven by advances in core technologies along with a new, open architecture — the Bitcoin blockchain. Like the internet, this technology is designed to be decentralized, with “layers,” where each layer is defined by an interoperable open protocol on top of which companies, as well as individuals, can build products and services. How technology is transforming transactions.

Bitcoin: The Future Global Currency?

Strategy Driven

One key difference is that bitcoin is mostly decentralized and is not controlled by banks or governments. Bitcoin is the most popular cryptocurrency today. Similar to normal currencies, they are used in online transactions and paying for products and services in person.

Candidate Management During a Crisis

N2Growth Blog

While in the second year of my profession the great recession hit and had a significant impact on my area of expertise including venture capital, and private equity-backed technology companies. Most companies have decentralized their teams due to social distancing, measures directed by state and federal governments to keep people home and prevent further spread of the disease. I am no stranger to the challenges of candidate management during a crisis.

Crisis 184

What Blockchain Means for the Sharing Economy

Harvard Business

Today we are moving toward a new model of increasingly decentralized organizations, where large operators are responsible for aggregating the resources of multiple people to provide a service to a much more active group of consumers. Recently, a new technology has emerged that could change this imbalance. Blockchain facilitates the exchange of value in a secure and decentralized manner, without the need for an intermediary. How technology is transforming transactions.

The Hidden Costs of Initial Coin Offerings

Harvard Business

Those benefits fall into three categories: To jumpstart network effects that provide a first-mover advantage: Many of the projects being built using blockchain technology are “protocols” that govern the interactions between users in a decentralized autonomous network. Just as with other such platforms or marketplaces that connect users, the value of the decentralized network is a function of the users who choose to transact using the given protocol.

How Blockchain Applications Will Move Beyond Finance

Harvard Business

To understand the transformation that’s being brought about by blockchain technology, it’s useful to start with its largest implementation to date: bitcoin. How technology is transforming transactions. How Blockchain Works Here are five basic principles underlying the technology. It’s not surprising that some of the closer-to-market applications of the technology are in the financial sector.

Limit Cyberattacks with a System-Wide Safe Mode

Harvard Business

As a result, when companies are hacked, it can take days for information technology teams to isolate infected systems, remove malicious code, and restore business continuity. Every company’s cybersecurity program will have unique attributes, but there are several fundamentals to this decentralized architecture that can help companies shift the balance of power away from the attackers. The good news is that the technology exists to make good cybersecurity a reality.

Hospital Budget Systems Are Holding Back Innovation

Harvard Business

We have identified how hospitals’ budgeting systems have erected three distinct barriers to the adoption of technology. These barriers, however, can be overcome by changing how hospitals acquire new technology and by providing incentives to units to use digital innovations to provide more effective and efficient care. How technology is changing the design and delivery of care. Financial management Technology Innovation Healthcare Digital Article

Determination is Not Enough; Content Creators Need Blockchain on Their Side

Strategy Driven

Blockchain technology – the decentralized tech that was famously introduced to supports bitcoin – is now be leveraged to remedy the many disparities that exist in today’s online content landscape. This is the beauty of blockchain technology. Blockchain technology offers an alternative path. Instead of depending on big-name content outlets, creators owe it to themselves to explore the possibilities that decentralized, ad-free platforms offer.

How Utilities Are Using Blockchain to Modernize the Grid

Harvard Business

In New York state, neighbors are testing their ability to sell solar energy to one another using blockchain technology. Meanwhile in Germany, the power company Innogy is running a pilot to see if blockchain technology can authenticate and manage the billing process for autonomous electric-vehicle charging stations. How technology is transforming transactions. How Blockchain Works Here are five basic principles underlying the technology.

Centralized Decision Making Helps Kill Bad Products

Harvard Business

Thus, centralized firms more quickly rid themselves of unsuccessful products – almost twice as fast as their more decentralized peers. These findings are especially useful for any companies facing a large portfolio of products, continuous technological change, short life cycles, and high levels of product obsolescence. In industries characterized by short product life cycles and rapid technological change moving faster is generally better.

Culture Counts

Leading Blog

While it may be better known to some for its legendary football, winged helmets and “Hail to the Victors” fight song, Michigan, much like Abbott Laboratories, is one of the world’s premier research institutions where scientific rigor, intellectual freedom and disciplined scholarship thrive in a lively, entrepreneurial and decentralized university environment. Corporate America has had no shortage of heroes: Kellogg, Hewlett, Disney, Packard, Kroc, Watson, Ash and Iacocca.

Blockchain Could Help Artists Profit More from Their Creative Works

Harvard Business

How technology is transforming transactions. How Blockchain Works Here are five basic principles underlying the technology. Combine this powerful new technology with an artistic community that values inclusion; integrity; transparency in deal making; respect of rights; privacy; security; and fair exchange of value, and you’ve got yourself a new ecosystem for motion pictures, video games, and other creative pursuits.

Film 38

Global Supply Chains Are About to Get Better, Thanks to Blockchain

Harvard Business

With blockchain technology, the core system that underpins bitcoin, computers of separately owned entities follow a cryptographic protocol to constantly validate updates to a commonly shared ledger. How Blockchain Works Here are five basic principles underlying the technology. Provenance , a UK-based startup, tells prospective clients they can use its blockchain-based technology to “share your product’s journey and your business impact on environment and society.”

The Real Reasons Companies Are So Focused on the Short Term

Harvard Business

In particular, there are three widespread, interrelated structural trends that have fostered short-termism and reduced corporate innovativeness: increased hiring of outside CEOs (particularly from the late 1980s through the 2008 recession); the decentralization of R&D (over a similar time frame); and a focus on the “development” side of R&D rather than the “research” side. Instead of decentralizing R&D, recentralize it. MirageC/Getty Images.

The Potential for Blockchain to Transform Electronic Health Records

Harvard Business

How technology is transforming transactions. All of these approaches work technologically, but the policies surrounding them are subject to institutional variation, local practice, state laws, and the rigor of national privacy policy enforcement. How Blockchain Works Here are five basic principles underlying the technology. The blockchain implies a decentralized control mechanism in which all have an interest, but no one exclusively owns it.

Blockchain Will Help Us Prove Our Identities in a Digital World

Harvard Business

How Blockchain Works Here are five basic principles underlying the technology. While hassles for the wealthy are a world away from the daily toils of the “great undocumented,” the solution to their problems may be the same: mutual distributed ledgers (MDLs), or blockchain technology. MDLs are unalterable registers that allow groups of people to validate, record, and track transactions across a network of decentralized computer systems. “Who are you?”

Care for a white-water ride?

N2Growth Blog

Decentralization of power: increasing responsibilities for line positions and lower echelons; fewer staff levels and hierarchical levels. We are faced with meeting new and more demanding customer’s needs, keeping pace with changing technologies, mergers, transitions, globalization, etc. Change seems to occur at an ever-increasing speed, making forecasts – especially those concerning long term scenarios – an extremely risky business.

How Blockchain Is Changing Finance

Harvard Business

To wit, 45% of financial intermediaries , such as payment networks, stock exchanges, and money transfer services, suffer from economic crime every year; the number is 37% for the entire economy, and only 20% and 27% for the professional services and technology sectors, respectively. First, because it’s antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. How technology is transforming transactions.

How Regulation Could Help Cryptocurrencies Grow

Harvard Business

Officially recognize that the amount of decentralization is an important factor in determining whether a cryptocurrency is a security. The SEC should follow the lead of the CFTC — which created LabCFTC, an initiative for promoting innovation in fintech — in developing an opportunity for SEC regulators to directly engage with industry to address questions about the application of the securities laws to blockchain technologies before launch.

Smart Cities Are Going to Be a Security Nightmare

Harvard Business

the technology research and advisory company. Several cities have adopted smart technologies, applying artificial intelligence to accelerate their transition into the future. In Barcelona , smart water meter technology helped the city save $58 million annually. While investment in smart technology has gone up, many of these innovations are deployed without robust testing and cybersecurity is often neglected. Technology Security & privacy Digital Article

Who Controls the Blockchain?

Harvard Business

To protect this vision from political pressure and regulatory interference, blockchain networks rely on a decentralized infrastructure that can’t be controlled by any one person or group. How Blockchain Works Here are five basic principles underlying the technology. Short for decentralized autonomous organization , a DAO is software designed to manage the fiduciary obligations of holding and disbursing blockchain assets without any human involvement.

The “Smart Society” of the Future Doesn’t Look Like Science Fiction

Harvard Business

While flights of imagination from science-fiction writers, filmmakers, and techno-futurists involve things like flying cars and teleportation, in practice smart technology is making inroads in a piecemeal fashion, often in rather banal circumstances. The potential for technologies to enable smart societies is rising. The market for smart technologies is predicted to be worth up to $1.6 The technology is just a way to get there. What is a “smart” society?

To Drive Digital Transformation, Focus on People

Strategy Driven

Businesses from top global firms to main street staples are looking into a future driven by new technology capabilities. organizational structure (such decentralizing and aligning technology to business areas more effectively), and governance. Levine is an expert on lean and agile software development and information technology.

Redesigning Care for High-Cost, High-Risk Patients

Harvard Business

The Ambulatory Cardiac Triage, Intervention, and Education Unit at Brigham and Women’s Hospital and the Duke Heart Failure Same-Day Access Clinic are two examples of how on-demand access to intensified outpatient management can decentralize care from the hospital, thereby improving outcomes and lowering costs through fewer hospitalizations. But the value of these technologies remains poorly understood. Business models Operations Technology Healthcare Digital Article

How Safe Are Blockchains? It Depends.

Harvard Business

Blockchain, the distributed ledger technology underlying bitcoin, may prove to be far more valuable than the currency it supports. As we begin to put distributed ledger technology into practice, it’s important to make sure that the initial conditions we’re setting up aren’t setting us up for security issues later on. How Blockchain Works Here are five basic principles underlying the technology. How technology is transforming transactions.

How to Build Great Data Products

Harvard Business

centralized or decentralized), but no matter the structure having data science leaders in the room for product and business strategy discussions will accelerate data product development. Product development Data Technology Digital ArticleProducts fueled by data and machine learning can be a powerful way to solve users’ needs. They can also create a “data moat” that can help stave off the competition.

The 3 Stages of a Country Embracing Renewable Energy

Harvard Business

At the same time, we’re also seeing the decentralization of power production. Countries that manage to transition effectively to low-carbon generation technologies will be home to competitive energy solutions and manufacturing firms that are more resilient to energy shocks and weather disruptions. While regulatory policy, implementation, and rollout may differ from country to country, decentralization typically encompasses three phases.

How Blockchain Could Help Emerging Markets Leap Ahead

Harvard Business

Much has been made of the potential for blockchain technologies to open up new vistas for business and society. But is there a way for this revolutionary technology to empower the rich and poor alike? How Blockchain Works Here are five basic principles underlying the technology. This is by far the largest and most comprehensive adoption of biometrics technology by any government in the world; transactional security is a priority in India.

“Leadership is Marketing” – Peter Drucker Said What?

Tanveer Naseer

Byrne’s list of Drucker’s major accomplishments included: Introducing the idea of decentralization, a concept that became basic to every large organization in the world. It was one of the main conclusions of his 1946 book, Concept of the Corporation which departed radically from the previous focus on efficiency resulting from technology to reduce worker cost. The following is a guest post by William A. Cohen. Peter F. Drucker was a genius.

You Need to Manage Digital Projects for Outcomes, Not Outputs

Harvard Business

Scaling the approach to multiple teams and to larger organizations can be a difficult, subtle challenge, requiring careful balance between central planning and decentralized authority. Organizational structure Product development Technology Digital ArticleWhen is a project finished? For most of us, it seems pretty simple: when we ship the product or launch the service. But we need to take a step back and consider what “done” really means.

Two Easy Ways to Boost Employee Engagement

Michael Lee Stallard

Vineet Nayar of HCL Technologies pioneered the concept of Employee first and customer second. This concept helps maximizing employee potential by encouraging trust through transparency, decentralizing decision-making and inverting the organizational hierarchy.

‘Upskilling’ a top priority for the decade ahead

HR Digest

This diverse network of more than 400 organizations is working together to create an open and decentralized public-private data infrastructure connecting a global audience of business, government, education, and technology vendors. Participants of the network have a shared vision of a more equitable talent marketplace driven by emerging technologies and evolving data standards.

Are Countries Prepared for the Increasing Threat of Engineered Bioweapons?

Harvard Business

Responding effectively to such threats will require a paradigm shift towards approaches that are faster and more agile and decentralized than what exists now. The low cost and do-it-yourself accessibility of genomic technologies makes it possible for such weapons to be deployed by almost any aggressor. Several current and emerging technology platforms (e.g. Justin Sullivan/Getty Images.

The New Beta Way To Lead

Eric Jacobson

The other, smaller and rarer, is decentralized, horizontal, and inclusive. With the advent of the Information Age and increasingly rapid waves of technological change, the Alpha model – which Ardi likens to an army, led by a commander-in-chief in which information flows in only one direction – is on its way out, explains Ardi.

The New Beta Way To Lead

Eric Jacobson

The other, smaller and rarer, is decentralized, horizontal, and inclusive. With the advent of the Information Age and increasingly rapid waves of technological change, the Alpha model – which Ardi likens to an army, led by a commander-in-chief in which information flows in only one direction – is on its way out, explains Ardi.

The New Beta Way To Lead According To Dana Ardi

Eric Jacobson

The other, smaller and rarer, is decentralized, horizontal, and inclusive. With the advent of the Information Age and increasingly rapid waves of technological change, the Alpha model – which Ardi likens to an army, led by a commander-in-chief in which information flows in only one direction – is on its way out, explains Ardi.